The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Northern Empire Resources Corp. Aug. 29 reported a definitive agreement to sell its Kiyuk Lake gold property in Nunavut to Montego Resources Inc., a Vancouver B.C.-based junior exploration company incorporated in 2012. Under the terms of the agreement, Northern Empire will transfer its 100 percent interest in Kiyuk Lake (subject to a 2 percent net smelter return royalty to the original property vendor) in exchange for 6.68 million Montego shares, or 19.99 percent of that company's issued and outstanding shares. After the vending of Kiyuk Lake, Northern Empire's portfolio includes Richardson and Hilltop, adjacent gold properties about 70 miles southeast of Fairbanks, Alaska.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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